Australia and Oceania: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Australia and Oceania

The preserved sweet corn market in Australia and Oceania rose slightly to $X in 2022, increasing by 3.9% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Preserved Sweet Corn Production in Australia and Oceania

In value terms, preserved sweet corn production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of preserved sweet corn production was New Zealand (X tons), comprising approx. 100% of total volume.

In New Zealand, preserved sweet corn production shrank by an average annual rate of -1.5% over the period from 2012-2022.

Preserved Sweet Corn Exports

Exports in Australia and Oceania

In 2022, approx. X tons of sweet corn prepared or preserved were exported in Australia and Oceania; with a decrease of -11.5% compared with the previous year's figure. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sweet corn exports contracted to $X in 2022. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 37% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the main exporting country with an export of around X tons, which finished at 86% of total exports. It was distantly followed by Australia (X tons), comprising a 13% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved sweet corn exports from New Zealand stood at -9.5%. At the same time, Australia (+35.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +35.3% from 2012-2022. From 2012 to 2022, the share of Australia increased by +12 percentage points.

In value terms, New Zealand ($X) remains the largest preserved sweet corn supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by Australia ($X), with an 11% share of total exports.

In New Zealand, preserved sweet corn exports contracted by an average annual rate of -6.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 2.5% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sweet corn export price increased by +60.3% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%).

Preserved Sweet Corn Imports

Imports in Australia and Oceania

In 2022, overseas purchases of sweet corn prepared or preserved were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 57%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved sweet corn imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) represented the key importer of sweet corn prepared or preserved, constituting 75% of total imports. It was distantly followed by New Zealand (X tons) and French Polynesia (X tons), together constituting an 18% share of total imports. New Caledonia (X tons) and Guam (X tons) held a little share of total imports.

Imports into Australia decreased at an average annual rate of -5.9% from 2012 to 2022. At the same time, Guam (+24.2%), New Caledonia (+11.3%) and New Zealand (+2.6%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +24.2% from 2012-2022. French Polynesia experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand, New Caledonia and Guam increased by +6.4, +3.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sweet corn prepared or preserved in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports. It was followed by New Caledonia, with a 5.1% share.

In Australia, preserved sweet corn imports expanded at an average annual rate of +4.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.1% per year) and New Caledonia (+14.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 6.1% against the previous year. Overall, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2017 when the import price increased by 49% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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